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Hindustan Copper PBT soars 338%

The profitability reported is after providing the pending revision of workers’ wages since November 2017, having an implication of Rs 80.65 crore, the company said in a release.

Hindustan Copper
Profitability improved due to dynamic marketing policy, effective procurement of services, reduction of loans and rise in LME prices.

Hindustan Copper, a CPSE under the ministry of mines, has reported a profit before tax (PBT) of 381.76 crore, a surge of 338%, and a net turnover of1,812 crore for the year 2021-22.

The EBITDA margin has risen to 31%, registering a robust growth over the previous year. The profitability reported is after providing the pending revision of workers’ wages since November 2017, having an implication of Rs 80.65 crore, the company said in a release. Profitability improved due to dynamic marketing policy, effective procurement of services, reduction of loans and rise in LME prices.

The debt-equity ratio now stands at a level of 0.50:1. The company made contributions of 489.98 crore to the exchequer in FY22, against153.18 crore in the previous fiscal.

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